Australian mining company Canyon Resources announced on May 26 that its Cameroonian subsidiary Camalco had successfully secured a credit line of $140 million to support the supply chain development of its Minim Martap bauxite project in the Adamaoua Region. Camalco holds the operating license for this project. Canyon Resources will utilize this credit to purchase locomotives, railcars, develop railway infrastructure, ore transportation equipment, and port facilities. This represents a significant milestone for the Minim Martap bauxite project, strengthening its financial position and enabling it to fund the first phase of bauxite operations. The project's development has also received support from local financial institutions, demonstrating confidence in the "world-class" potential of the bauxite deposit and paving the way for accelerating work progress and achieving bauxite export targets. Once in production, Minim Martap is expected to deliver 6.4 million mt of ore annually, and Canyon Resources has committed to investing a total of $5 billion over the life of the mine. According to the latest estimates released by Canyon Resources on its website, the Minim Martap deposit has proven reserves of 108.91 million mt of ore, with an average alumina content of 51.1% and a silica content of 2%.